Shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.59 and last traded at $60.53, with a volume of 981358 shares. The stock had previously closed at $59.78.
SPDR Gold MiniShares Trust Stock Up 0.8 %
The company has a 50 day simple moving average of $57.48 and a 200-day simple moving average of $54.25.
Institutional Trading of SPDR Gold MiniShares Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in SPDR Gold MiniShares Trust by 109.5% in the fourth quarter. Bank of America Corp DE now owns 4,683,654 shares of the company’s stock valued at $243,503,000 after purchasing an additional 2,447,630 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of SPDR Gold MiniShares Trust in the fourth quarter valued at $91,357,000. Quadrature Capital Ltd bought a new position in shares of SPDR Gold MiniShares Trust in the third quarter valued at $84,714,000. Benjamin Edwards Inc. increased its holdings in SPDR Gold MiniShares Trust by 1,805.0% during the third quarter. Benjamin Edwards Inc. now owns 1,432,715 shares of the company’s stock worth $74,686,000 after buying an additional 1,357,506 shares during the last quarter. Finally, State Street Corp lifted its stake in SPDR Gold MiniShares Trust by 43.2% in the third quarter. State Street Corp now owns 3,226,956 shares of the company’s stock valued at $168,221,000 after acquiring an additional 973,410 shares during the last quarter.
SPDR Gold MiniShares Trust Company Profile
The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.
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